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Barchart
Barchart
Rich Asplund

Nat-Gas Rallies as EIA Inventories Climb Less Than the Long-Term Average

EIA Nymex United States BNEF Freeport Gas Prices Natural Gas

June Nymex natural gas (NGM24) on Thursday closed up by +0.103 (+5.33%).

June nat-gas prices rallied sharply Thursday after weekly EIA nat-gas inventories increased at a slower pace than the five-year average, helping to limit a supply glut.  The EIA reported Thursday that nat-gas inventories for the week ended April 26 rose by +59 bcf, below the 5-year average build for this time of year of +72 bcf.

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